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For sale 4 days ago

$1,585,000

5+ bd 4+ ba 5779 sqft

54532 Pheasant Ave, Homer, AK 99603

Residential Vacation Rental

Current Rent **

N/A

Projected Rent **

$1,450

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Idyllic Alaskan Investment Property

*Projected rent above is projected nightly rates for all cabins (if they were booked separately) Looking for an investment property with the idyllic Alaskan log homes? Four standalone private cabins that have been recently updated and remodeled. Each unit has spectacular views of Kachemak Bay through giant windows, large decks for relaxing, & warm propane fireplaces & vaulted ceilings. The main lodge is perched at the top of the property and is a large 4-bedroom 2 bath home

The three other buildings are duplex-style log chalets with one bedroom and one bath in each unit. Each unit features its own kitchen, and washer/dryer hookups.

The larger cabin and two others are being sold furnished.

This is a great opportunity to invest in Homer! Live in one unit, enjoy all the lower Kenai Peninsula has to offer while renting out the other three units. With a total of seven units this investment opportunity is ideal for both short term AND long term rentals!

Location:

54532 Pheasant Ave, Homer, AK 99603

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.